Property Experts See Demand For Selling An Inherited Property Soar Amidst Probate Delays
Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown.
Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown. This has led to subsequent delays in the probate process, adding even more stress to grieving relatives who are unable to take charge of an estate. This also leads to delays in settling bills and distribution of bequests.
In pre-covid times, the probate process would often take a matter of weeks. It is now common for families or executors to be waiting several months or more to sell property as part of the probate process.
The severe delay is a culmination of several factors as a result of the Covid-19 pandemic. A spokesperson for 321 Move explained: “A higher number of deaths, especially among the elderly, has sadly led to a sharp increase in families looking to complete the probate process. This, in addition to strict social distancing measures has meant an incredibly stressful time for many families; and that’s before we even consider the distress caused by the pandemic on daily life.”
Selling an inherited house is subject to huge delays due a huge increase in estate agents and surveyors to value the property and put it on the market. Furthermore, social distancing restrictions has caused difficulty for many to even visit the property in question.
A spokesperson for 321 Move continued: “One of the most common queries we receive is ‘how long does it take to sell a house through probate?’ We are currently seeing a backlog of up to 3-4 months. However, we are positive that the housing industry will begin to move in a positive direction and that as restrictions ease there will be more staff available to conduct surveys and in-person viewings.”
321 are house-buying experts with offices in Leeds and London.
For more information, visit 321move.co.uk.
With more than a decade of experience in the property sector with 321 MOVE, we pride ourselves on offering a professional, experienced, and cost-effective service across sales, maintenance, lettings and development.
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